Immediate Action occurs when Free Demand is waived and collection work begins immediately upon placement.
If an account has aged far beyond terms, utilizing Free Demand will generally prove fruitless. Rather than give your debtor the extra time period of Free Demand to move even further down your aging, we would recommend you protect your company’s interests by having CST Company immediately begin work on the account.
If this account is delinquent with you, the company may also be past-due with other suppliers. Acting immediately may push you further up the line of those demanding payment. Arrangements may also be made for a personal visit with the debtor, if warranted.
Submission of an Immediate Action account may be made through our website or by email, fax, phone, etc. If there are numerous accounts to submit at one time, contact us for assistance on how to submit accounts and supporting documents electronically.
CST Company can also work with your department to make arrangements for us to securely retrieve account backup documents, which will mean less work for you and your staff.
CONTACT US for more information.